6- Trust & Trustworthiness

Question 1

Which paper investigates second order beliefs in trust games to identify guilt aversion?

Answer 1

Charness & Dufwenberg (2006)

Question 2

Using terminology in Charness & Dufwenberg (2006), what 2 implications come from higher b212?

Answer 2

higher guilt

1 less kind towards 2

Question 3

Which paper finds local differences in other-regarding behaviours? For example, there is robust evidence that subjects send less in trust games conducted in Africa than those in North America.

Answer 3

Johnson and Mislin (2011)

Question 4

Which topic are you studying?

Answer 4

Trust & Trustworthiness

Question 5

In Johnson and Mislin (2011), which 3 factors significantly affect trustworthiness?

Answer 5

the amount by which the experimenter multiplies the amount sent

whether subjects play both roles in the experiment

whether the subjects are students

Question 6

Describe the design of treatment 1 in Charness & Dufwenberg (2006) (3 points)

Describe the result taken from here.

Answer 6

one-shot
strategy method
incentivized beliefs

strong positive correlation between b212 and 2’s decision to work

Question 7

In which paper do most proposers send money, but only some responders return money?

Answer 7

Berg et al. (1995)

Question 8

What does Bohnet and Zeckhauser (2004) investigate?

Answer 8

Betrayal

Question 9

What is added in treatment 2 in Charness & Dufwenberg (2006)?

What results are taken from this? (3 points)

Answer 9

adds communication (2 sends a message to 1)

Higher frequency of ‘in-work’ outcomes
Higher b12 and b212 and probability for 2 to decide to work
Messages with a promise have a higher effect on beliefs and outcomes

Question 10

When was Bohnet and Zeckhauser published?

Answer 10

2004

Question 11

In Berg et al (1995), on average do proposers either win or lose?

Answer 11

neither

Question 12

In Johnson and Mislin (2011), which 2 factors significantly affect the amount sent?

Answer 12

whether payment is random

whether play is with a simulated counterpart

Question 13

Which paper was published in 2011?

Answer 13

Johnson and Mislin

Question 14

What were the results of Bohnet and Zeckhauser (2004) regarding i) amount sent in trust case and ii) prevalence of altruism?

Answer 14

Less sent in trust case

Little sign of altruism

Question 15

When was Berg et al. published?

Answer 15

1995

Question 16

What type of game is used in Berg et al. (1995)? what terminology is used to describe participants?

Answer 16

Trust game

proposer and responder/ truster and trustee

Question 17

In Charness & Dufwenberg (2006), what implies that trust is difficult to maintain?

Answer 17

reciprocity

Question 18

What type of study is Johnson and Mislin (2011)?

What was their method?

Answer 18

Meta-analysis

Used OLS to examine relationship between EXPERIMENTAL PROTOCOLS and OBSERVED TRUST AND BEHAVIOURS

Question 19

Which paper was published in 2006?

Answer 19

Charness & Dufwenberg

Question 20

When was Kosfeld et al. published?

Answer 20

2005

Question 21

Bohnet and Zeckhauser (2004) uses a _____-subject design.

Describe the 3 treatments.

How were choices elicited?

Answer 21

Between

Decision Problem: computer decides, no trustee
Risky Dictator: computer decides, trustee
Trust Game: trustee decides

MCAs

Question 22

Which paper discusses the effect of hormones on trusting tendencies?

Answer 22

Kosfeld et al. (2005)

Question 23

In Berg et al. (1995): propensity to return is ___ in amount sent?

Answer 23

increasing

Question 24

In Charness & Dufwenberg (2006), what implies that trust is difficult to generate?

Answer 24

guilt aversion